Fogo de Chão is being acquired in an all-cash transaction valued at $560 million, the Dallas company announced Tuesday. The Brazilian-style steakhouse chain has entered into an agreement to be acquired by entities affiliated with New York investment management firm Rhône Capital. Under terms of the deal, Fogo shareholders will receive $15.75 per share, a 25.5 percent premium compared with the company’s Feb. 16 closing price of $12.55 per share. The acquisition is expected to be completed by…
from https://www.bizjournals.com/baltimore/news/2018/02/21/fogo-de-ch-o-to-go-private-in-560-million-buyout.html?ana=RSS&s=article_search
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